eJets Plans Merger With Executive Airlines Inc. toCreate Industry's First Executive-Based...

Business Editors & Internet/Travel Writers

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Dec. 7, 2000

eJets, a leading private air travel and technology company, plans to merge with Executive Airlines Inc. to create a national executive airline based upon eJets proprietary technology.

Together the companies plan to build the world's first executive airline company that will cater to corporations, high net worth individuals, entertainers, sports figures and others. The merged company will use the Executive Airlines company name and arrange a flexible schedule of flights across the nation. The company will base its headquarters and operations center in Salt Lake City.

Executive Airlines expects to launch operations and initiate service by mid-2001. Further details will not be disclosed at this time, pending confidentiality agreements with potential partners.

"With our combined experience in building an airline from the ground up, such as we did at Morris Air, we are excited to move forward and grow this into a national private jet airline," said Steve Kasteler, Executive Airlines chief executive officer and co-founder. "Our individual expertise in safety, service, finance, marketing and operations will play an integral part of laying the foundation for our company."

"We are thrilled at the opportunity to be a part of the Executive Airlines team and help define this growing business and private air travel industry," said Rick Robinson, eJets president and co-founder. "We expect to expand our resources both in Orange County and Salt Lake City quickly to meet our commitments for launching operations."

The Executive Airlines board of directors consists of founders Steve Kasteler and Gordon Evans, along with eJets directors, Richard Bertea and Jim Slavik.

About eJets

eJets, founded in 1999, makes reserving private aircraft user- friendly by utilizing the latest in technology to offer fast and convenient, real-time private air travel booking services. Travelers are able to book one-way, round-trip and multi-leg reservations as quickly and easily as commercial airlines while providing all of the exclusive amenities that come with private air travel. eJets was launched under the umbrella of Technology Incubator ThinkTank.

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